RACINQ: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
RACINQ
Largest movements
- Receivables within one year -€7,216
down €7,216 (-98.2%), from €7,347 to €131
of which Trade receivables: -€7,347
- Cash +€1,089
up €1,089 (+5,066%), from €22 to €1,111
mainly Receivables within one year (+€7,216) and Net result for the year (+€2,088)
- Tangible fixed assets -€300
down €300 (-22.1%), from €1,354 to €1,055
- Other debts -€8,150
down €8,150 (-92.7%), from €8,790 to €640
- Profit (loss) carried forward +€2,088
up €2,088 (+42.6%), from -€4,901 to -€2,812
- Tax, wage and social debts -€783
down €783 (-100%), from €783 to €0
- Trade debts +€419
up €419 (+839%), from €50 to €469
- Gross operating margin +€3,309
up €3,309, from -€802 to €2,507
- Depreciation +€156
up €156 (+109%), from €143 to €300
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,723 | €2,297 | -€6,426 | -73.7% |
| Fixed assets | 21/28 | €1,354 | €1,055 | -€300 | -22.1% |
| Tangible fixed assets | 22/27 | €1,354 | €1,055 | -€300 | -22.1% |
| Furniture and vehicles | 24 | €1,354 | €1,055 | -€300 | -22.1% |
| Current assets | 29/58 | €7,369 | €1,242 | -€6,126 | -83.1% |
| Amounts receivable within one year | 40/41 | €7,347 | €131 | -€7,216 | -98.2% |
| Trade receivables | 40 | €7,347 | €0 | -€7,347 | -100% |
| Other amounts receivable | 41 | €0 | €131 | +€131 | |
| Cash at bank and in hand | 54/58 | €22 | €1,111 | +€1,089 | +5,066% |
| Total equity and liabilities | 10/49 | €8,723 | €2,297 | -€6,426 | -73.7% |
| Equity | 10/15 | -€901 | €1,188 | +€2,088 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,901 | -€2,812 | +€2,088 | +42.6% |
| Amounts payable | 17/49 | €9,623 | €1,109 | -€8,514 | -88.5% |
| Amounts payable within one year | 42/48 | €9,623 | €1,109 | -€8,514 | -88.5% |
| Trade debts | 44 | €50 | €469 | +€419 | +839% |
| Suppliers | 440/4 | €50 | €469 | +€419 | +839% |
| Taxes, remuneration and social security | 45 | €783 | €0 | -€783 | -100% |
| Taxes | 450/3 | €783 | €0 | -€783 | -100% |
| Other amounts payable | 47/48 | €8,790 | €640 | -€8,150 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143 | €300 | +€156 | +109% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | -€802 | €2,507 | +€3,309 | |
| Operating profit (loss) | 9901 | -€1,009 | €2,142 | +€3,151 | |
| Financial charges | 65/66B | €54 | €54 | = | 0.0% |
| Recurring financial charges | 65 | €54 | €54 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,063 | €2,088 | +€3,151 | |
| Profit (loss) for the period | 9904 | -€1,063 | €2,088 | +€3,151 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,063 | €2,088 | +€3,151 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.